Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) Xxxxxxxx’x and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.
Appears in 5 contracts
Samples: Finance Contract, Finansijski Ugovor Povezane Škole U Srbiji, Financial Agreement
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly:
(i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project,
(ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.9(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96.
(c) Xxxxxxxx’x and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members whoRelevant Persons:
(i) becomes a Sanctioned Person; or
or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.
Appears in 4 contracts
Samples: Financial Agreement, Finansijski Ugovor Povezane Škole U Srbiji B, Finansijski Ugovor
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
(c) Xxxxxxxx’x and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who:
(i) becomes a Sanctioned Person; or
(ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.
Appears in 2 contracts
Samples: Finance Contract, Finansijski Ugovor
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the ContractContract or the Technical Side Letter.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly:
(i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project,
(ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b)) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti- boycott rule of the EU such as Regulation (EC) 2271/96.
(c) Xxxxxxxx’x and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who:
(i) becomes a Sanctioned Person; or
or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.
Appears in 2 contracts
Samples: Finansijski Ugovor Okvirni Zajam Za Infrastrukturu U Obrazovanju Srbije, Finansijski Ugovor Okvirni Zajam Za Infrastrukturu U Obrazovanju Srbije
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly:
(i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, or
(ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96.
(c) Xxxxxxxx’x and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who:
(i) becomes a Sanctioned Person; or
or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.
Appears in 2 contracts
Samples: Finansijski Ugovor, Finansijski Ugovor
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
(c) Xxxxxxxx’x and Promoter’s Xxxxxxxx’x Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who:
(i) becomes a Sanctioned Person; or
(ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.
Appears in 1 contract
Samples: Finansijski Ugovor – Okvir Za Jačanje Otpornosti Lokalne Infrastrukture
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.;
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.;
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
(c) Xxxxxxxx’x and Promoter’s Xxxxxxxx’x Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who:
(i) becomes a Sanctioned Person; or
(ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.
Appears in 1 contract
Samples: Finansijski Ugovor – Okvir Za Jačanje Otpornosti Lokalne Infrastrukture
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter and the Beneficiaries shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes and the Beneficiaries undertake to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to and the Beneficiaries shall ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter or the Beneficiaries to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter and the Beneficiaries shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
(c) Xxxxxxxx’x and Promoter’s Xxxxxxxx’x and Beneficiaries’ Official: The Borrower undertakes and shall procure that the Promoter undertakes and the Beneficiaries undertake to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who:
(i) becomes a Sanctioned Person; or
(ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct Conduct; in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s or Beneficiaries’ activity in relation to the Loan and to the Project.
Appears in 1 contract
Samples: Finansijski Ugovor
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not not, and shall procure ensure that the Promoter shall not will not, engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes to take, and shall procure ensure that the Promoter undertakes to take will take, such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or and/or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not not, and shall procure ensure that the Promoter shall not will not, (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
(c) Xxxxxxxx’x and Promoter’s OfficialOfficials: The Borrower undertakes and to take, shall procure ensure that the Promoter undertakes to take will take, within a reasonable timeframe appropriate measures in respect of any member of its management bodies official or senior staff members person holding a public office in the Borrower or the Promoter who:
(i) becomes a Sanctioned Person; or
or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or the Promoter’s activity activities in relation to the Loan and to the Project.
Appears in 1 contract
Samples: Financing Agreement
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly:
(i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, or
(ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96.
(c) Xxxxxxxx’x and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take take, within a reasonable timeframe timeframe, appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who:
(i) becomes a Sanctioned Person; or
or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.
Appears in 1 contract
Samples: Finansijski Ugovor
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any Affiliate or any other Person acting on its behalf to engage in, including the Promoter) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the ContractContract or the Project Documents.
(ii) The Borrower undertakes and shall procure that undertakes, also through the Promoter undertakes Promoter, to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that undertakes, also through the Promoter undertakes Promoter, to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not and shall procure that Borrower, also through the Promoter Promoter, shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;
(c) Xxxxxxxx’x and Promoter’s OfficialBorrower‟s Management: The Borrower undertakes and shall procure that Borrower, also through the Promoter Promoter, undertakes to take within a reasonable timeframe appropriate measures to the extent permitted by applicable law in respect of any member of its management bodies or senior staff members who:
(i) becomes a Sanctioned Person; Person or
(ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s Borrower‟s activity in relation to the Loan and to the Project.. The Borrower represents and warrants to the Bank that:
(a) it has the power to execute, deliver and perform its obligations under this Contract and all necessary actions have been taken to authorise the execution, delivery and performance of the same by it;
(b) this Contract constitutes its legally valid, binding and enforceable obligations;
(c) the execution and delivery of, the performance of its obligations under and compliance with the provisions of this Contract do not and will not:
(i) contravene or conflict with any applicable law, statute, rule or regulation, or any judgement, decree or permit to which it is subject;
(ii) contravene or conflict with any agreement or other instrument binding upon it which might reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Contract;
Appears in 1 contract
Samples: Loan Agreement
Integrity. (a) Prohibited Conduct:
(i) The Borrower shall not not, and shall procure ensure that the Promoter shall not will not, engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.
(ii) The Borrower undertakes to take, and shall procure ensure that the Promoter undertakes to take will take, such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or and/or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.
(b) Sanctions: The Borrower shall not not, and shall procure ensure that the Promoter shall not will not: (i) enter into a business relationship with any Sanctioned Person, ; or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person;.
(c) Xxxxxxxx’x and Promoter’s OfficialOfficials: The Borrower undertakes and to take, shall procure ensure that the Promoter undertakes to take will take, within a reasonable timeframe appropriate measures in respect of any member of its management bodies official or senior staff members person holding a public office in the Borrower or the Promoter who:
(i) becomes a Sanctioned Person; or
or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any the Borrower’s or the Promoter’s activity (as applicable) activities in relation to the Loan and to the Project.
Appears in 1 contract
Samples: Financing Agreement